By Richard Vedder Although difficult to measure, it is unlikely that higher education has had any productivity advance in the 50 years since I finished college. Economists like Princeton’s William Baumol have argued that rising college costs are inevitable, given inherent limitations on reducing the cost of disseminating knowledge -only so many people can fit […]
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Why do students go to college? A new poll has a one-word answer: money. That’s one of the findings in a broad Gallup survey of college admissions officers done for Inside Higher Ed. The admissions officers seem to believe that those planning to attend college view it largely as a signaling device that directs the best […]
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Open a marketing brochure for any college or university in the United States and you’ll find an info-graphic touting the variety and number of degree programs that the institution offers. The more options, the rationale goes, the more likely a student will find a desired specialty. The distinction between programs can be subtle, for instance […]
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When asked the question, “Why do colleges keep raising tuition fees?” I give answers ranging from three words (“because they can”), to 85,000 (my book, Going Broke By Degree). Avoiding both extremes, let’s evaluate two rival explanations for the college cost explosion, followed by 12 key expressions that add more detail.
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To hear politicians tell it, the college diploma is the guaranteed gateway to middle-class life, so everybody should probably go to college. The argument seems self-evident–over a lifetime, college graduates far out-earn those without a degree ($2.1 million, supposedly), so go to college, live the American Dream. Unfortunately, as many recent college graduates have discovered, […]
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“Here are some [college] degrees that cost you roughly $30,000 in tuition, their much cheaper replacements, and the savings you’d realize: Degree Replacement Savings Foreign Languages Language Software $29,721 Philosophy Read Socrates $29,980 Women’s Studies Watch Daytime TV $30,000 Journalism Start […]
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These are the opening statements of a luncheon debate co-sponsored by the Manhattan Institute’s Center for the American University and the John William Pope Center for Higher Education Policy. The debate, held January 11 in New York City, pitted George Leef, research director of the Pope Center, against Peter Sacks, economist and author of Tearing […]
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The New York Times proclaimed recently that science educators and others are vitally concerned that high dropout rates of students studying math, science, and engineering (the “STEM” disciplines) will imperil our nation’s technological leadership. There is a shortage of people in these fields, it is argued, and efforts to increase numbers are thwarted by dropout rates […]
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Institutions from charter schools to the White House are pushing hard for more young people to go to college, but with almost half of students at four-year colleges destined to leave without a degree, a counter-trend is starting to take hold: a loose coalition of people in the credentialing, training, and grant-making businesses are working […]
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A growing chorus of critics says a college education is finished as the ticket to economic success and a middle-class life. The economy of the future, these critics suggest, actually requires far fewer college-educated citizens, because the U.S. economy is generating tens of thousands of jobs that require little or no higher education. In essence, the […]
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Professor Richard Vedder is certainly one of the most knowledgeable — and wisest – commentators on American higher education. So his cautionary remarks should be taken very seriously. I have one reservation about calling the push for more colleges a “scam.” It is true that some youngsters knew all through college that they wanted to […]
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The education of black and Hispanic women is very much at stake in the on-going controversy over for-profit colleges. A November 9th story in the New York Times by Tamar Lewin, “Scrutiny and Suits Take Toll on For-Profit Company,” documented potential abuses found at Kaplan University, one of the schools that disproportionately enrolls black female […]
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Jackson Toby, professor emeritus of sociology at Rutgers and author of the new book, The Lowering of Higher Education in America, delivered this speech yesterday (April 7) at a luncheon in New York City. The luncheon, at the University Club, was sponsored by the Manhattan Institute’s Center for the American University and Minding the Campus. […]
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Edward Albee, Woody Allen, Maya Angelou, Wally Amos, Jane Austen, Dan Aykroyd, Bill Gates, Steve Jobs, Steve Wozniak, Joan Baez, Warren Beatty, David Ben-Gurion, Sonny Bono, Rick Bragg, Richard Branson, Albert Brooks, David Byrne, James Cameron, Raymond Chandler, Coco Chanel, John Cheever, Sean Connery, Walter Cronkite, Daniel Day-Lewis, Michael Dell, Princess Diana, Leonardo DiCaprio, Bob […]
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President Obama’s call for an increase in college graduation rates and the establishment of a $2.5 billion college completion fund begins to address a vexing issue for those of us employed in higher education, namely, how do we make the United States more economically competitive in a world that demands a well-trained, college-educated workforce? The […]
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Less than 60 percent of students at our four-year colleges complete their studies and graduate. That depressing statistic has drawn many critics, and now it has occasioned a book, Crossing the Finish Line, by three well-connected members of the academic establishment–William Bowen, Matthew Chingos, and Michael McPherson (hereafter, BCM). The authors obtained some data on […]
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Cuyahoga Community College expects to see nearly 30,000 students enrolled for credit on its three campuses in Cleveland when it opens for the fall semester late in August, with an additional 30,000 taking non-credit courses for job-training “personal enrichment” (instruction in art, photography, and other hobbies). According to campus officials, the 30,000-strong for-credit student population […]
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Of every 100 kids who enter American high schools, only about 20 obtain a bachelor’s degree within a decade. That is why the proportion of adult Americans with baccalaureate degrees is rising relatively slowly, and why the U.S. has fallen behind a number of other nations in the proportion of young adults with college degrees. […]
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Like Caesar’s Gaul, President Obama’s plan for higher education is divided into three parts: 1) Every American should have postsecondary educational training, and within a few years we should again lead the world in the proportion of young graduates with bachelor’s degrees; 2) Federal financial assistance to pay for college should become an entitlement like […]
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On February 25, 2009, an article by Patricia Cohen appeared in the New York Times: “In Tough Times, the Humanities Must Justify Their Worth.” Its thesis was a familiar one: an economic downturn will lead to a decline in the number of college majors in the humanities because in hard times enrollments shift toward majors […]
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Here at Minding the Campus we’ve been elaborating on Charles Murray’s argument that college isn’t for everyone, and that a college degree—which can cost graduates at least four years of forgone earnings and leave them drowning in student-loan debt—isn’t necessarily the ticket to economic prosperity that it’s cracked up to be. So what?, you might […]
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Former Commissioner of Education Statistics Mark Schneider has caused a bit of a stir with a paper in which he argues that colleges are getting a free pass on a huge problem – a very high drop-out rate. Our colleges are failure factories for literally millions of students, Schneider says, and I agree. To be […]
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Operators of a diploma mill, convicted of selling 10,000 bogus academic degrees out of Spokane, Washington, are on their way to prison. The Justice department declined to release the names of buyers, saying that it was against policy, but the Spokesman-Review made the complete list public today on its website. The buyers include at least […]
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The only concern I have about the brouhaha at Washington University in St. Louis over its decision to award an honorary doctorate to one of its most famous alumni, Phyllis Schlafly, is: how come it took Washington so long? Schlafly has more than enough academic credentials: she graduated with honors and a Phi Beta Kappa […]
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Color and Money: How Rich White Kids are Winning the War Over College Affirmative Action by Peter Schmidt Reviewed by George C. Leef Exactly how important is a college degree from a prestige school? Many believe that having such a degree is extremely important – a virtual guarantee of success in life. The higher education […]
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Vijay Prashad employs an especially nimble means of comparison in The Boston Globe today. It seems that the University of Massachusetts is about to grant Andrew Card an honorary degree. Prashad objects to this, on a variety of grounds. That’s not surprising. University honors bestowed on any political figures (especially those rightward) tend to inspire […]
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